NPORT-EX 2 NPORT_0BKQ_88429662_0122.htm

 

Schedule of Investments (unaudited) iShares®Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

  

Security   Shares   Value  
           
Common Stocks  
               
Aerospace & Defense — 1.1%    
Aerojet Rocketdyne Holdings Inc.     7,062   $ 272,523  
Aerovironment Inc.(a)     5,217     296,952  
BWX Technologies Inc.     9,023     401,614  
Byrna Technologies Inc.(a)(b)     3,605     39,331  
Curtiss-Wright Corp.     3,408     452,548  
Hexcel Corp.(a)     18,938     987,995  
Kratos Defense & Security Solutions Inc.(a)     28,000     469,280  
Mercury Systems Inc.(a)     4,385     249,594  
PAE Inc.(a)     5,716     57,217  
Spirit AeroSystems Holdings Inc., Class A     8,010     351,078  
Triumph Group Inc.(a)     8,392     152,902  
Virgin Galactic Holdings Inc.(a)(b)     40,161     369,481  
            4,100,515  
Air Freight & Logistics — 0.2%    
Forward Air Corp.     3,181     338,140  
Hub Group Inc., Class A(a)     4,272     323,476  
            661,616  
Airlines — 0.2%    
Allegiant Travel Co.(a)     3,440     614,590  
Frontier Group Holdings Inc.(a)(b)     2,080     27,206  
Sun Country Airlines Holdings Inc.(a)     6,970     185,263  
            827,059  
Auto Components — 1.2%    
Dorman Products Inc.(a)     4,272     399,987  
Fox Factory Holding Corp.(a)     9,527     1,267,758  
Gentherm Inc.(a)(b)     7,504     655,775  
LCI Industries     2,667     328,495  
Luminar Technologies Inc, Class A(a)(b)     48,588     711,328  
Patrick Industries Inc.     2,142     137,945  
Stoneridge Inc.(a)(b)     2,153     40,627  
Visteon Corp.(a)(b)     6,322     641,746  
XL Fleet Corp.(a)(b)     21,836     46,729  
XPEL Inc.(a)     3,766     234,848  
            4,465,238  
Automobiles — 0.4%              
Arcimoto Inc.(a)(b)     6,263     38,267  
Harley-Davidson Inc.     14,117     488,025  
Thor Industries Inc.     5,383     509,178  
Winnebago Industries Inc.     3,151     203,302  
Workhorse Group Inc.(a)(b)     29,298     99,027  
            1,337,799  
Banks — 3.4%              
Allegiance Bancshares Inc.     2,292     100,917  
Ameris Bancorp.     7,901     389,598  
Atlantic Capital Bancshares Inc.(a)     2,824     85,059  
Banc of California Inc.     5,198     100,425  
Bancorp. Inc. (The)(a)     8,903     265,487  
Byline Bancorp Inc.     1,832     47,632  
Community Bank System Inc.     3,986     284,680  
ConnectOne Bancorp. Inc.     4,351     139,276  
Eastern Bankshares Inc.     25,401     540,787  
FB Financial Corp.     4,060     180,751  
First BanCorp./Puerto Rico     27,260     396,633  
First Bancshares Inc. (The)     1,870     67,451  
First Citizens BancShares Inc./NC, Class A     1,878     1,463,112  
First Financial Bankshares Inc.     28,981     1,361,817  
Glacier Bancorp. Inc.     13,875     720,529  
Security   Shares   Value  
           
Banks (continued)    
HarborOne Bancorp Inc.     7,450   $ 105,790  
Hilltop Holdings Inc.     6,473     213,803  
Lakeland Financial Corp.     2,644     211,335  
Live Oak Bancshares Inc.     7,208     424,263  
Meta Financial Group Inc.     4,874     289,808  
Metropolitan Bank Holding Corp.(a)     1,589     158,900  
National Bank Holdings Corp., Class A.     2,207     100,198  
Origin Bancorp Inc.     2,887     123,333  
Pinnacle Financial Partners Inc.     7,165     692,927  
Popular Inc.     7,968     710,507  
Seacoast Banking Corp. of Florida.     9,213     336,274  
ServisFirst Bancshares Inc.     11,047     937,559  
Silvergate Capital Corp., Class A(a)     6,739     726,060  
Southside Bancshares Inc.     2,894     121,259  
Stock Yards Bancorp. Inc.     3,122     186,009  
Triumph Bancorp. Inc.(a)     3,694     323,151  
UMB Financial Corp.     3,334     328,232  
United Community Banks Inc./GA     8,943     316,493  
Veritex Holdings Inc.     4,098     164,535  
            12,614,590  
Beverages — 0.6%              
Boston Beer Co. Inc. (The), Class A, NVS(a)     2,128     895,526  
Celsius Holdings Inc.(a)(b)     8,615     411,194  
Coca-Cola Consolidated Inc.     651     373,023  
Duckhorn Portfolio Inc. (The)(a)     7,032     140,359  
MGP Ingredients Inc.     2,822     213,512  
National Beverage Corp.     2,413     107,789  
Zevia PBC, Class A(a)(b)     2,183     17,464  
            2,158,867  
Biotechnology — 9.0%              
4D Molecular Therapeutics Inc.(a)     5,555     87,769  
ACADIA Pharmaceuticals Inc.(a)     26,454     594,950  
Acumen Pharmaceuticals Inc.(a)     2,282     11,684  
Agenus Inc.(a)(b)     16,693     46,073  
Agios Pharmaceuticals Inc.(a)(b)     7,596     234,640  
Alaunos Therapeutics Inc.(a)     29,754     32,134  
Albireo Pharma Inc.(a)     4,338     123,590  
Aldeyra Therapeutics Inc.(a)     11,199     41,100  
Alector Inc.(a)     13,214     209,574  
Alkermes PLC(a)     36,484     930,342  
Allakos Inc.(a)     7,955     53,776  
Altimmune Inc.(a)     4,031     32,530  
Amicus Therapeutics Inc.(a)(b)     56,536     532,004  
AnaptysBio Inc.(a)     2,668     85,296  
Anavex Life Sciences Corp.(a)     17,111     223,812  
Anika Therapeutics Inc.(a)     3,168     100,742  
Apellis Pharmaceuticals Inc.(a)     18,201     732,954  
Arbutus Biopharma Corp.(a)     20,726     58,240  
Arcus Biosciences Inc.(a)     10,348     318,718  
Arena Pharmaceuticals Inc.(a)     5,569     512,237  
Arrowhead Pharmaceuticals Inc.(a)     23,597     1,244,978  
Atara Biotherapeutics Inc.(a)     19,918     305,940  
Atossa Therapeutics Inc.(a)     28,303     38,775  
Avid Bioservices Inc.(a)(b)     13,874     261,802  
Avidity Biosciences Inc.(a)     9,721     161,563  
Avita Medical Inc.(a)     5,467     52,866  
Beam Therapeutics Inc.(a)(b)     10,145     702,135  
BioAtla Inc.(a)(b)     1,927     18,422  
BioCryst Pharmaceuticals Inc.(a)     40,609     627,409  

 

 

1

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
               
Biotechnology (continued)    
Blueprint Medicines Corp.(a)     13,315   $ 1,026,586  
Bolt Biotherapeutics Inc.(a)(b)     2,691     10,333  
C4 Therapeutics Inc.(a)     8,343     203,819  
CareDx Inc.(a)(b)     11,910     497,838  
Caribou Biosciences Inc.(a)     2,920     31,332  
Catalyst Pharmaceuticals Inc.(a)     11,885     68,458  
Celldex Therapeutics Inc.(a)     10,543     326,938  
CEL-SCI Corp.(a)(b)     4,703     28,406  
ChemoCentryx Inc.(a)     11,044     296,973  
Chimerix Inc.(a)     7,662     43,750  
Clovis Oncology Inc.(a)(b)     15,841     32,316  
Coherus Biosciences Inc.(a)(b)     6,481     80,105  
Crinetics Pharmaceuticals Inc.(a)     8,799     166,213  
CRISPR Therapeutics AG(a)(b)     6,132     390,915  
Cue Biopharma Inc.(a)     6,308     46,616  
Curis Inc.(a)     17,136     54,664  
Cytokinetics Inc.(a)(b)     18,932     628,353  
CytomX Therapeutics Inc.(a)     5,667     26,068  
Deciphera Pharmaceuticals Inc.(a)     9,194     77,505  
Denali Therapeutics Inc.(a)     20,935     716,396  
DermTech Inc.(a)     5,673     72,671  
Design Therapeutics Inc.(a)(b)     1,341     16,950  
Dynavax Technologies Corp.(a)(b)     25,197     326,805  
Editas Medicine Inc.(a)(b)     15,434     293,863  
Enanta Pharmaceuticals Inc.(a)     1,966     116,820  
Enochian Biosciences Inc.(a)(b)     3,460     16,989  
Epizyme Inc.(a)     19,526     24,017  
Evelo Biosciences Inc.(a)     2,907     13,692  
Exelixis Inc.(a)     71,608     1,296,105  
Fate Therapeutics Inc.(a)     18,374     762,705  
FibroGen Inc.(a)     6,440     97,180  
Fortress Biotech Inc.(a)(b)     16,570     34,631  
G1 Therapeutics Inc.(a)(b)     3,208     32,337  
Geron Corp.(a)(b)     28,640     32,077  
Global Blood Therapeutics Inc.(a)     6,964     200,911  
Gritstone bio Inc.(a)     12,426     67,846  
Halozyme Therapeutics Inc.(a)     31,867     1,102,917  
Heron Therapeutics Inc.(a)(b)     22,879     199,276  
Homology Medicines Inc.(a)     5,105     18,991  
Ideaya Biosciences Inc.(a)     7,391     122,469  
Immuneering Corp., Class A(a)     1,788     17,880  
ImmunoGen Inc.(a)     41,584     234,950  
Inhibrx Inc.(a)     2,308     61,300  
Inmune Bio Inc.(a)(b)     2,614     26,375  
Insmed Inc.(a)     26,669     604,853  
Invitae Corp.(a)     23,888     268,501  
Ionis Pharmaceuticals Inc.(a)     31,964     1,016,455  
Iovance Biotherapeutics Inc.(a)     30,791     512,670  
IVERIC bio Inc.(a)     24,051     335,271  
Karyopharm Therapeutics Inc.(a)     6,460     57,494  
Keros Therapeutics Inc.(a)     1,437     66,634  
Kodiak Sciences Inc.(a)(b)     7,584     445,181  
Krystal Biotech Inc.(a)     4,603     271,577  
Kymera Therapeutics Inc.(a)     8,000     336,000  
Lexicon Pharmaceuticals Inc.(a)     14,906     47,252  
Ligand Pharmaceuticals Inc.(a)     3,773     470,229  
Lineage Cell Therapeutics Inc.(a)(b)     27,790     43,908  
MacroGenics Inc.(a)     12,331     152,288  
Madrigal Pharmaceuticals Inc.(a)     1,344     77,388  
MannKind Corp.(a)     56,868     212,118  
Security   Shares   Value  
               
Biotechnology (continued)    
MeiraGTx Holdings PLC(a)     5,723   $ 85,788  
Mersana Therapeutics Inc.(a)     7,778     37,101  
MiMedx Group Inc.(a)     9,253     45,895  
Morphic Holding Inc.(a)     3,564     151,221  
Nurix Therapeutics Inc.(a)     9,045     168,418  
Ocugen Inc.(a)(b)     44,944     159,551  
OPKO Health Inc.(a)(b)     28,033     87,743  
Organogenesis Holdings Inc., Class A(a)     13,866     106,630  
PDS Biotechnology Corp.(a)     5,277     31,451  
Pieris Pharmaceuticals Inc.(a)     7,562     27,526  
Precigen Inc.(a)     10,232     26,399  
Precision BioSciences Inc.(a)(b)     11,232     53,577  
Prometheus Biosciences Inc.(a)     2,362     84,867  
Protagonist Therapeutics Inc.(a)     10,141     297,030  
Prothena Corp. PLC(a)     3,416     116,417  
PTC Therapeutics Inc.(a)     15,922     640,383  
Radius Health Inc.(a)     10,399     78,824  
Recursion Pharmaceuticals Inc., Class A(a)(b)     5,580     66,067  
REGENXBIO Inc.(a)     8,474     223,714  
Relay Therapeutics Inc.(a)(b)     17,273     382,251  
REVOLUTION Medicines Inc.(a)     7,011     150,877  
Rigel Pharmaceuticals Inc.(a)     37,596     96,246  
Rocket Pharmaceuticals Inc.(a)     3,328     55,378  
Rubius Therapeutics Inc.(a)     4,196     28,323  
Sage Therapeutics Inc.(a)(b)     5,188     204,511  
Sangamo Therapeutics Inc.(a)     15,606     94,104  
Sarepta Therapeutics Inc.(a)     19,710     1,410,645  
Scholar Rock Holding Corp.(a)(b)     6,021     107,234  
Selecta Biosciences Inc.(a)     6,459     16,148  
Seres Therapeutics Inc.(a)     5,251     43,793  
Shattuck Labs Inc.(a)     6,300     43,533  
Sorrento Therapeutics Inc.(a)(b)     69,122     238,471  
Spero Therapeutics Inc.(a)     6,155     73,060  
Stoke Therapeutics Inc.(a)     3,494     66,211  
Surface Oncology Inc.(a)     4,509     16,909  
Sutro Biopharma Inc.(a)     4,493     47,985  
Syndax Pharmaceuticals Inc.(a)     9,522     155,589  
TG Therapeutics Inc.(a)     30,001     347,112  
Travere Therapeutics Inc.(a)     11,613     319,357  
Twist Bioscience Corp.(a)(b)     11,118     660,632  
Ultragenyx Pharmaceutical Inc.(a)(b)     15,429     1,078,950  
Vanda Pharmaceuticals Inc.(a)     12,502     189,530  
Vaxart Inc.(a)(b)     17,461     86,432  
Veracyte Inc.(a)     16,021     487,199  
Verastem Inc.(a)     12,728     19,474  
Vericel Corp.(a)     10,572     376,152  
Viking Therapeutics Inc.(a)     8,804     32,663  
Vir Biotechnology Inc.(a)     16,528     567,406  
VistaGen Therapeutics Inc.(a)(b)     40,995     66,822  
Xencor Inc.(a)(b)     13,193     453,443  
Y-mAbs Therapeutics Inc.(a)     4,434     43,852  
            33,686,109  
Building Products — 1.6%              
AAON Inc.     9,373     602,215  
Armstrong World Industries Inc.     7,453     737,996  
AZEK Co. Inc. (The)(a)     25,229     833,314  
Gibraltar Industries Inc.(a)     4,943     270,876  
Insteel Industries Inc.     2,176     82,318  
JELD-WEN Holding Inc.(a)     9,659     227,952  
Masonite International Corp.(a)     3,597     356,966  

 

 

2

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
               
Building Products (continued)  
PGT Innovations Inc.(a)     7,139   $ 135,570  
Resideo Technologies Inc.(a)     16,783     415,883  
Simpson Manufacturing Co. Inc.     9,829     1,108,613  
Tecnoglass Inc.     4,748     97,809  
UFP Industries Inc.     7,717     616,280  
Zurn Water Solutions Corp.     15,967     487,632  
            5,973,424  
Capital Markets — 2.0%              
Affiliated Managers Group Inc.     4,650     679,876  
Artisan Partners Asset Management Inc., Class A     8,277     357,649  
Assetmark Financial Holdings Inc.(a)     1,940     46,541  
B. Riley Financial Inc.     2,140     131,760  
Bridge Investment Group Holdings Inc., Class A     2,787     59,920  
BrightSphere Investment Group Inc.     8,069     174,129  
Cohen & Steers Inc.     5,690     475,286  
Cowen Inc., Class A     2,858     90,541  
Evercore Inc., Class A     2,802     349,746  
Focus Financial Partners Inc., Class A(a)     6,512     327,944  
Freedom Holding Corp./NV(a)(b)     3,784     241,646  
GCM Grosvenor Inc., Class A     4,400     39,996  
Hamilton Lane Inc., Class A     7,922     716,624  
Houlihan Lokey Inc.     8,174     868,733  
Interactive Brokers Group Inc., Class A     12,324     840,374  
Moelis & Co., Class A     4,918     277,719  
Open Lending Corp., Class A(a)     23,231     441,157  
Oppenheimer Holdings Inc., Class A, NVS     929     39,380  
Piper Sandler Cos.     1,584     244,284  
PJT Partners Inc., Class A     3,428     237,629  
Runway Growth Finance Corp.(b)     1,505     19,550  
StepStone Group Inc., Class A     10,876     380,769  
Victory Capital Holdings Inc., Class A     1,642     53,644  
Virtus Investment Partners Inc.     1,120     293,082  
WisdomTree Investments Inc.     12,519     70,232  
            7,458,211  
Chemicals — 2.4%              
Amyris Inc.(a)(b)     43,888     200,129  
Ashland Global Holdings Inc.     6,763     649,518  
Avient Corp.     8,978     446,835  
Balchem Corp.     7,309     1,073,984  
Chase Corp.     957     90,800  
Danimer Scientific Inc.(a)(b)     19,238     96,382  
Element Solutions Inc.     33,525     752,301  
Ferro Corp.(a)     8,728     190,270  
GCP Applied Technologies Inc.(a)     4,928     157,203  
Hawkins Inc.     2,477     92,442  
HB Fuller Co.     6,927     497,151  
Huntsman Corp.     24,510     878,193  
Ingevity Corp.(a)     4,190     276,163  
Innospec Inc.     2,304     214,180  
Intrepid Potash Inc.(a)     1,466     56,851  
Kraton Corp.(a)     3,776     175,131  
Kronos Worldwide Inc.     1,906     27,351  
Livent Corp.(a)(b)     36,483     839,474  
Loop Industries Inc.(a)(b)     5,326     42,928  
Quaker Chemical Corp.     3,021     631,903  
Sensient Technologies Corp.     4,936     418,277  
Stepan Co.     2,097     231,006  
Tronox Holdings PLC, Class A.     15,376     349,035  
Valvoline Inc.     14,940     492,124  
Security     Shares     Value  
               
Chemicals (continued)    
Zymergen Inc.(a)(b)     3,655   $ 19,006  
            8,898,637  
Commercial Services & Supplies — 1.5%    
ACV Auctions Inc., Class A(a)     21,022     278,752  
Brady Corp., Class A, NVS     4,161     216,039  
Brink’s Co. (The)     5,520     385,186  
Casella Waste Systems Inc., Class A(a)     11,418     867,540  
Cimpress PLC(a)(b)     2,806     188,619  
Clean Harbors Inc.(a)     7,093     656,457  
Driven Brands Holdings Inc.(a)(b)     12,565     354,961  
Harsco Corp.(a)     7,244     113,731  
Kimball International Inc., Class B     4,490     44,092  
MillerKnoll Inc.     8,008     309,269  
Montrose Environmental Group Inc.(a)(b)     4,058     185,735  
MSA Safety Inc.     5,006     687,824  
Shapeways Holdings Inc.(a)     1,574     5,037  
SP Plus Corp.(a)     1,712     48,244  
Steelcase Inc., Class A.     10,458     129,052  
Stericycle Inc.(a)     8,771     515,208  
U.S. Ecology Inc.(a)(b)     2,945     84,168  
UniFirst Corp./MA.     1,430     271,829  
Viad Corp.(a)     2,927     110,260  
            5,452,003  
Communications Equipment — 1.0%    
Aviat Networks Inc.(a)     905     26,263  
CalAmp Corp.(a)     4,388     26,065  
Calix Inc.(a)     12,396     623,271  
Cambium Networks Corp.(a)(b)     2,620     63,352  
Casa Systems Inc.(a)(b)     8,137     36,047  
Clearfield Inc.(a)     2,577     166,139  
Digi International Inc.(a)     4,325     96,621  
Extreme Networks Inc.(a)     16,160     205,070  
Harmonic Inc.(a)     23,200     249,632  
Infinera Corp.(a)     23,222     195,529  
Inseego Corp.(a)     9,552     43,557  
Lumentum Holdings Inc.(a)(b)     8,503     862,884  
Viasat Inc.(a)(b)     16,583     729,984  
Viavi Solutions Inc.(a)     30,117     495,726  
            3,820,140  
Construction & Engineering — 1.7%    
Ameresco Inc., Class A(a)     6,981     353,308  
API Group Corp.(a)     25,956     578,819  
Arcosa Inc.     4,418     206,144  
Comfort Systems USA Inc.     5,458     490,019  
Construction Partners Inc., Class A(a)     8,296     217,687  
Dycom Industries Inc.(a)     3,380     284,900  
EMCOR Group Inc.     4,870     580,553  
Granite Construction Inc.     3,917     140,934  
Great Lakes Dredge & Dock Corp.(a)     4,739     64,877  
IES Holdings Inc.(a)     940     46,342  
Infrastructure and Energy Alternatives Inc.(a)     2,446     22,063  
MasTec Inc.(a)     5,694     490,424  
MYR Group Inc.(a)     1,939     182,324  
NV5 Global Inc.(a)(b)     2,664     278,628  
Valmont Industries Inc.     2,185     474,648  
WillScot Mobile Mini Holdings Corp.(a)     50,509     1,870,853  
            6,282,523  
Construction Materials — 0.4%              
Eagle Materials Inc.     5,839     851,618  

 

 

3

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
               
Construction Materials (continued)              
Forterra Inc.(a)     4,509   $ 105,826  
Summit Materials Inc., Class A(a)     17,297     615,082  
            1,572,526  
Consumer Finance — 0.4%              
Atlanticus Holdings Corp.(a)     770     49,519  
FirstCash Holdings Inc.     3,375     235,237  
Green Dot Corp., Class A(a)     5,572     176,688  
LendingClub Corp.(a)     22,539     422,832  
LendingTree Inc.(a)     2,588     315,322  
Moneylion Inc.(a)     20,748     53,322  
Nelnet Inc., Class A     2,185     193,438  
            1,446,358  
Containers & Packaging — 0.2%              
Graphic Packaging Holding Co.     30,053     568,302  
Myers Industries Inc.     3,906     70,582  
Pactiv Evergreen Inc.     5,682     62,218  
Ranpak Holdings Corp.(a)     9,076     243,781  
            944,883  
Distributors — 0.0%              
Funko Inc., Class A(a)     3,498     60,445  
               
Diversified Consumer Services — 1.0%    
2U Inc.(a)(b)     17,022     274,735  
American Public Education Inc.(a)(b)     1,872     40,042  
Carriage Services Inc.     1,724     86,752  
Coursera Inc.(a)(b)     18,714     380,081  
Duolingo Inc, Class A(a)(b)     1,296     129,613  
European Wax Center Inc., Class A(a)     3,054     74,640  
frontdoor Inc.(a)     9,150     332,145  
Grand Canyon Education Inc.(a)     3,156     264,094  
Laureate Education Inc., Class A     12,247     154,924  
Mister Car Wash Inc.(a)(b)     8,713     149,864  
OneSpaWorld Holdings Ltd.(a)     12,884     132,963  
PowerSchool Holdings Inc., Class A(a)(b)     6,134     100,475  
Stride Inc.(a)     6,072     212,945  
Terminix Global Holdings Inc.(a)     27,422     1,182,985  
Udemy Inc.(a)(b)     3,404     55,145  
            3,571,403  
Diversified Financial Services — 0.2%    
Cannae Holdings Inc.(a)     8,047     240,364  
Jackson Financial Inc., Class A     9,225     353,963  
            594,327  
Diversified Telecommunication Services — 0.6%    
Anterix Inc.(a)     2,032     104,160  
Bandwidth Inc., Class A(a)(b)     5,270     329,955  
Cogent Communications Holdings Inc.     4,828     307,109  
Globalstar Inc.(a)     148,670     159,077  
IDT Corp., Class B(a)     1,919     72,020  
Iridium Communications Inc.(a)     29,921     1,073,566  
Liberty Latin America Ltd., Class A(a)     4,981     54,492  
Liberty Latin America Ltd., Class C, NVS(a)     18,767     202,871  
Ooma Inc.(a)     4,957     89,424  
            2,392,674  
Electric Utilities — 0.1%              
MGE Energy Inc.     3,151     243,982  
Otter Tail Corp.     3,163     200,534  
            444,516  
Security   Shares   Value  
               
Electrical Equipment — 1.0%    
Acuity Brands Inc.     3,227   $ 618,067  
American Superconductor Corp.(a)     5,775     47,355  
Array Technologies Inc.(a)     26,929     283,832  
AZZ Inc.     1,731     82,361  
Blink Charging Co.(a)(b)     8,248     172,466  
Bloom Energy Corp., Class A(a)     33,317     502,420  
Encore Wire Corp.     1,872     210,956  
EnerSys.     2,931     219,620  
Eos Energy Enterprises Inc.(a)(b)     8,770     36,308  
Fluence Energy Inc.(a)     7,722     144,401  
FTC Solar Inc.(a)     2,406     10,153  
FuelCell Energy Inc.(a)     82,690     350,606  
Romeo Power Inc.(a)     21,247     50,143  
Shoals Technologies Group Inc., Class A(a)(b)     24,482     412,766  
TPI Composites Inc.(a)     8,335     100,603  
Vicor Corp.(a)     4,845     457,029  
            3,699,086  
Electronic Equipment, Instruments & Components — 2.6%    
908 Devices Inc.(a)(b)     3,159     49,975  
Advanced Energy Industries Inc.     4,497     387,551  
Akoustis Technologies Inc.(a)     11,197     67,742  
Alpine 4 Holdings Inc.(a)     33,627     53,803  
Badger Meter Inc.     6,594     667,115  
Belden Inc.     4,054     226,821  
Benchmark Electronics Inc.     3,067     74,037  
Coherent Inc.(a)     5,560     1,437,149  
CTS Corp.     4,735     158,859  
Fabrinet(a)(b)     4,568     516,915  
FARO Technologies Inc.(a)     4,121     223,811  
Identiv Inc.(a)     4,999     96,581  
Itron Inc.(a)     10,214     633,268  
Knowles Corp.(a)     7,156     151,779  
Lightwave Logic Inc.(a)(b)     22,701     163,674  
Littelfuse Inc.     5,572     1,504,273  
MicroVision Inc.(a)(b)     36,799     125,485  
National Instruments Corp.     13,049     537,880  
nLight Inc.(a)     9,884     204,500  
Novanta Inc.(a)     8,058     1,112,810  
PAR Technology Corp.(a)     5,760     216,000  
Rogers Corp.(a)     4,225     1,153,214  
            9,763,242  
Energy Equipment & Services — 0.7%    
Aspen Aerogels Inc.(a)     3,446     102,346  
Cactus Inc., Class A     13,307     644,857  
ChampionX Corp.(a)     28,481     637,975  
Core Laboratories NV(b)     10,693     285,182  
DMC Global Inc.(a)     4,380     176,689  
Dril-Quip Inc.(a)(b)     4,295     108,621  
FTS International Inc., Class A(a)     1,282     33,781  
Oceaneering International Inc.(a)     14,643     190,798  
Patterson-UTI Energy Inc.     27,070     269,617  
TETRA Technologies Inc.(a)     10,091     29,567  
Weatherford International PLC(a)     7,498     224,940  
            2,704,373  
Entertainment — 0.7%              
Cinedigm Corp., Class A(a)     31,448     26,712  
CuriosityStream Inc., Class A(a)     5,720     25,340  
IMAX Corp.(a)     11,226     193,648  
Liberty Media Corp.-Liberty Braves, Class C, NVS(a)     8,352     225,504  

 

4

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

  

Security   Shares   Value  
               
Entertainment (continued)    
Madison Square Garden Sports Corp.(a)     1,958   $ 325,165  
Sciplay Corp., Class A(a)     2,682     33,525  
Skillz Inc.(a)(b)     58,960     283,598  
Warner Music Group Corp., Class A     24,848     1,056,040  
World Wrestling Entertainment Inc., Class A     6,550     327,107  
            2,496,639  
Equity Real Estate Investment Trusts (REITs) — 6.0%    
Acadia Realty Trust     8,670     171,579  
Agree Realty Corp.     7,040     460,275  
Alexander & Baldwin Inc.     16,364     375,554  
Alexander’s Inc.     226     59,499  
American Assets Trust Inc.     4,822     173,447  
American Campus Communities Inc.     11,409     596,234  
Apple Hospitality REIT Inc.     28,900     466,157  
Brandywine Realty Trust     11,540     148,404  
Brixmor Property Group Inc.     21,846     554,015  
CatchMark Timber Trust Inc., Class A     4,703     38,565  
Centerspace.     1,538     146,694  
Chatham Lodging Trust(a)     3,878     51,461  
Community Healthcare Trust Inc.     5,538     251,093  
Corporate Office Properties Trust     8,653     218,575  
Cousins Properties Inc.     13,858     534,365  
CTO Realty Growth Inc.     1,306     76,519  
DiamondRock Hospitality Co.(a)     16,205     151,517  
DigitalBridge Group Inc.(a)     42,081     307,191  
Douglas Emmett Inc.     16,341     510,166  
EastGroup Properties Inc.     9,191     1,837,373  
EPR Properties     9,813     431,478  
Equity Commonwealth(a)     8,741     227,616  
Essential Properties Realty Trust Inc.     16,746     444,606  
First Industrial Realty Trust Inc.     17,719     1,076,961  
Four Corners Property Trust Inc.     9,449     255,784  
Gladstone Land Corp.     3,372     102,779  
Global Medical REIT Inc.     6,282     106,229  
Global Net Lease Inc.     7,760     111,278  
Healthcare Realty Trust Inc.     11,193     347,207  
Healthcare Trust of America Inc., Class A     22,923     746,144  
Hudson Pacific Properties Inc.     13,364     315,791  
Independence Realty Trust Inc.     11,876     273,029  
Innovative Industrial Properties Inc.     5,403     1,070,821  
Kite Realty Group Trust     15,542     324,517  
LXP Industrial Trust.     20,681     307,940  
Monmouth Real Estate Investment Corp.     9,379     196,865  
National Storage Affiliates Trust     18,550     1,141,938  
NETSTREIT Corp.     8,890     200,914  
NexPoint Residential Trust Inc.     2,652     210,304  
Outfront Media Inc.     13,766     341,947  
Pebblebrook Hotel Trust(b)     18,502     400,568  
Physicians Realty Trust     17,979     328,297  
Piedmont Office Realty Trust Inc., Class A     8,805     156,377  
Plymouth Industrial REIT Inc.     4,047     116,351  
PS Business Parks Inc.     2,068     345,273  
Rayonier Inc.     19,930     728,242  
Retail Opportunity Investments Corp.     11,381     210,890  
RPT Realty     6,486     81,853  
Ryman Hospitality Properties Inc.(a)     5,471     483,636  
Safehold Inc.     3,219     199,256  
Service Properties Trust.     13,146     112,398  
SITE Centers Corp.     16,707     247,431  
Spirit Realty Capital Inc.     11,014     522,724  
Security   Shares   Value  
               
Equity Real Estate Investment Trusts (REITs) (continued)    
STAG Industrial Inc.     22,573   $ 964,544  
Tanger Factory Outlet Centers Inc.     7,778     132,304  
Terreno Realty Corp.     16,933     1,266,080  
UMH Properties Inc.     6,895     162,722  
Uniti Group Inc.     22,522     271,615  
Universal Health Realty Income Trust     1,289     75,149  
Urban Edge Properties.     10,590     193,162  
Urstadt Biddle Properties Inc., Class A     2,191     43,141  
            22,404,844  
Food & Staples Retailing — 0.5%    
Casey’s General Stores Inc.     3,478     653,203  
Grocery Outlet Holding Corp.(a)     6,244     158,473  
Performance Food Group Co.(a)     21,391     902,486  
PriceSmart Inc.     2,728     194,807  
            1,908,969  
Food Products — 1.6%              
Beyond Meat Inc.(a)(b)     13,604     886,028  
Calavo Growers Inc.     1,359     56,276  
Freshpet Inc.(a)(b)     9,828     914,299  
Hain Celestial Group Inc. (The)(a)     9,370     342,286  
Hostess Brands Inc.(a)     14,157     290,502  
J&J Snack Foods Corp.     1,681     254,991  
John B Sanfilippo & Son Inc.     625     49,437  
Lancaster Colony Corp.     2,333     370,410  
Mission Produce Inc.(a)     3,332     47,548  
Pilgrim’s Pride Corp.(a)     4,510     126,145  
Post Holdings Inc.(a)     6,977     738,306  
Sanderson Farms Inc.     2,770     509,680  
Seaboard Corp.     26     99,320  
Simply Good Foods Co. (The)(a)     19,041     670,814  
Sovos Brands Inc.(a)     5,327     78,147  
Tattooed Chef Inc.(a)(b)     10,154     128,956  
Tootsie Roll Industries Inc.     1,880     63,826  
Vita Coco Co. Inc. (The)(a)     2,567     28,006  
Vital Farms Inc.(a)(b)     5,422     89,626  
Whole Earth Brands Inc.(a)     4,702     44,575  
            5,789,178  
Gas Utilities — 0.1%              
Chesapeake Utilities Corp.     2,296     312,738  
   
Health Care Equipment & Supplies — 5.5%    
Accuray Inc.(a)     9,543     34,832  
Alphatec Holdings Inc.(a)(b)     14,976     154,852  
AngioDynamics Inc.(a)     8,793     190,193  
Artivion Inc.(a)(b)     3,275     58,295  
Asensus Surgical Inc.(a)(b)     53,258     47,229  
Aspira Women’s Health Inc.(a)(b)     13,300     16,093  
AtriCure Inc.(a)     10,377     681,146  
Atrion Corp.     188     113,817  
Avanos Medical Inc.(a)     4,569     138,258  
Axogen Inc.(a)     9,114     79,383  
Axonics Inc.(a)(b)     10,469     496,545  
BioLife Solutions Inc.(a)     6,623     197,630  
Cardiovascular Systems Inc.(a)     9,142     160,625  
Cerus Corp.(a)     38,992     208,997  
ClearPoint Neuro Inc.(a)     3,841     33,916  
CONMED Corp.     6,597     907,615  
CryoPort Inc.(a)(b)     10,460     436,914  
Cutera Inc.(a)(b)     3,707     134,972  

 

 

5

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

  

Security   Shares   Value  
               
Health Care Equipment & Supplies (continued)    
CVRx Inc.(a)     1,617   $ 13,421  
Eargo Inc.(a)     5,035     24,218  
Envista Holdings Corp.(a)     24,339     1,052,418  
Establishment Labs Holdings Inc.(a)(b)     4,927     257,879  
Figs Inc., Class A(a)(b)     8,181     183,909  
Glaukos Corp.(a)     10,584     563,492  
Globus Medical Inc., Class A(a)     17,851     1,191,197  
Haemonetics Corp.(a)     5,355     258,914  
Heska Corp.(a)(b)     2,420     332,944  
ICU Medical Inc.(a)     2,864     611,063  
Inari Medical Inc.(a)     7,254     533,604  
Integer Holdings Corp.(a)     4,223     331,125  
Integra LifeSciences Holdings Corp.(a)     16,492     1,067,692  
Intersect ENT Inc.(a)     3,987     109,244  
iRhythm Technologies Inc.(a)     6,639     828,746  
Lantheus Holdings Inc.(a)     15,322     389,332  
LeMaitre Vascular Inc.     4,314     182,525  
LivaNova PLC(a)     12,016     902,522  
Meridian Bioscience Inc.(a)     6,333     132,043  
Merit Medical Systems Inc.(a)     11,488     637,010  
Mesa Laboratories Inc.     1,176     334,372  
Natus Medical Inc.(a)     4,092     94,280  
Neogen Corp.(a)     24,246     884,252  
Nevro Corp.(a)(b)     7,876     517,453  
NuVasive Inc.(a)     4,692     244,031  
OraSure Technologies Inc.(a)     16,255     143,857  
Ortho Clinical Diagnostics Holdings PLC(a)     25,662     445,492  
Orthofix Medical Inc.(a)(b)     4,473     135,979  
OrthoPediatrics Corp.(a)     3,152     149,058  
Outset Medical Inc.(a)(b)     9,254     344,156  
PROCEPT BioRobotics Corp.(a)     1,557     28,867  
Pulmonx Corp.(a)     7,892     192,170  
Retractable Technologies Inc.(a)(b)     2,613     14,267  
RxSight Inc.(a)(b)     1,652     16,999  
SeaSpine Holdings Corp.(a)     7,211     86,388  
Senseonics Holdings Inc.(a)(b)     92,586     248,131  
Shockwave Medical Inc.(a)     7,967     1,154,976  
SI-BONE Inc.(a)     6,073     119,638  
Sientra Inc.(a)(b)     12,758     35,850  
Sight Sciences Inc.(a)(b)     2,312     33,825  
Silk Road Medical Inc.(a)     7,876     258,412  
STAAR Surgical Co.(a)     10,743     781,231  
Stereotaxis Inc.(a)     10,322     56,874  
Surmodics Inc.(a)     3,147     143,755  
Tactile Systems Technology Inc.(a)     4,360     68,757  
TransMedics Group Inc.(a)     6,277     99,616  
Treace Medical Concepts Inc.(a)     2,611     47,364  
Vapotherm Inc.(a)     5,176     83,696  
ViewRay Inc.(a)     32,046     139,400  
Zynex Inc.(b)     4,915     38,927  
            20,636,683  
Health Care Providers & Services — 3.1%    
1Life Healthcare Inc.(a)     38,287     427,283  
Acadia Healthcare Co. Inc.(a)     8,755     460,951  
Accolade Inc.(a)     13,084     249,904  
AdaptHealth Corp.(a)(b)     21,780     411,642  
Addus HomeCare Corp.(a)     2,570     205,163  
Agiliti Inc.(a)     6,188     118,376  
Alignment Healthcare Inc.(a)     3,404     25,870  
Amedisys Inc.(a)     4,877     658,883  
Security   Shares   Value  
               
Health Care Providers & Services (continued)    
AMN Healthcare Services Inc.(a)     6,480   $ 656,683  
Apollo Medical Holdings Inc.(a)(b)     8,528     439,022  
Aveanna Healthcare Holdings Inc.(a)(b)     8,508     46,709  
Castle Biosciences Inc.(a)     5,332     230,609  
CorVel Corp.(a)     2,136     376,192  
Covetrus Inc.(a)     13,546     244,776  
Encompass Health Corp.     11,658     723,262  
Ensign Group Inc. (The)     8,515     642,287  
Hanger Inc.(a)     2,753     49,912  
HealthEquity Inc.(a)(b)     8,536     456,164  
Innovage Holding Corp.(a)(b)     4,158     21,705  
Joint Corp. (The)(a)     3,209     173,414  
LHC Group Inc.(a)     3,751     465,499  
MEDNAX Inc.(a)     8,317     203,351  
ModivCare Inc.(a)     1,511     175,170  
Option Care Health Inc.(a)     31,268     730,733  
Owens & Minor Inc.(b)     6,892     290,084  
Pennant Group Inc. (The)(a)     5,986     99,487  
PetIQ Inc.(a)     6,063     123,928  
Privia Health Group Inc.(a)     6,029     128,297  
Progyny Inc.(a)(b)     15,762     638,361  
R1 RCM Inc.(a)(b)     30,035     714,232  
RadNet Inc.(a)     10,034     258,376  
Select Medical Holdings Corp.     10,059     233,671  
Signify Health Inc., Class A(a)     5,181     69,063  
Surgery Partners Inc.(a)     7,977     340,379  
Tivity Health Inc.(a)     6,466     164,495  
U.S. Physical Therapy Inc.     2,927     283,246  
            11,537,179  
Health Care Technology — 1.7%              
American Well Corp., Class A(a)     44,188     209,009  
Certara Inc.(a)     23,416     625,910  
Convey Health Solutions Holdings Inc.(a)     2,874     22,388  
Doximity Inc., Class A(a)(b)     10,986     500,632  
Evolent Health Inc., Class A(a)     7,505     177,944  
Health Catalyst Inc.(a)(b)     11,788     351,872  
HealthStream Inc.(a)     3,536     86,102  
Inspire Medical Systems Inc.(a)     6,177     1,366,908  
Omnicell Inc.(a)     9,928     1,490,590  
OptimizeRx Corp.(a)     4,023     180,753  
Phreesia Inc.(a)     11,507     358,903  
Schrodinger Inc.(a)     10,590     300,226  
Simulations Plus Inc.(b)     3,535     150,308  
Tabula Rasa HealthCare Inc.(a)     5,207     56,184  
Vocera Communications Inc.(a)     7,877     622,362  
            6,500,091  
Hotels, Restaurants & Leisure — 4.5%              
Accel Entertainment Inc.(a)     12,420     156,616  
Bally’s Corp.(a)     6,662     238,100  
BJ’s Restaurants Inc.(a)     1,971     59,307  
Boyd Gaming Corp.(a)     18,566     1,103,934  
Century Casinos Inc.(a)     5,919     58,894  
Choice Hotels International Inc.     7,432     1,065,749  
Chuy’s Holdings Inc.(a)     1,657     41,773  
Cracker Barrel Old Country Store Inc.     1,684     200,632  
Del Taco Restaurants Inc.     2,375     29,616  
Denny’s Corp.(a)     4,495     69,673  
Dine Brands Global Inc.     1,682     114,124  
Dutch Bros. Inc.(a)(b)     5,357     279,368  

 

6

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
               
Hotels, Restaurants & Leisure (continued)    
Esports Technologies Inc.(a)     303   $ 3,642  
Everi Holdings Inc.(a)(b)     20,550     406,274  
F45 Training Holdings Inc.(a)     4,581     57,308  
First Watch Restaurant Group Inc.(a)     2,074     31,193  
Full House Resorts Inc.(a)     3,845     33,951  
GAN Ltd.(a)     8,787     60,542  
Golden Nugget Online Gaming Inc.(a)     9,319     74,925  
Hilton Grand Vacations Inc.(a)(b)     10,723     523,926  
Hyatt Hotels Corp., Class A(a)     11,366     1,041,239  
Jack in the Box Inc.     2,415     219,886  
Krispy Kreme Inc.(b)     6,707     100,538  
Kura Sushi USA Inc., Class A(a)(b)     958     44,212  
Lindblad Expeditions Holdings Inc.(a)(b)     6,977     117,702  
Marriott Vacations Worldwide Corp.     4,125     669,817  
Monarch Casino & Resort Inc.(a)     3,012     186,443  
Noodles & Co.(a)     3,268     27,484  
ONE Group Hospitality Inc. (The)(a)     5,383     67,826  
Papa John’s International Inc.     7,329     904,765  
Planet Fitness Inc., Class A(a)     18,866     1,672,282  
PlayAGS Inc.(a)     3,874     30,178  
Portillo’s Inc., Class A(a)(b)     4,539     120,510  
RCI Hospitality Holdings Inc.     1,819     127,094  
Red Rock Resorts Inc., Class A     12,055     536,689  
Rush Street Interactive Inc.(a)     11,814     119,794  
Ruth’s Hospitality Group Inc.(a)     2,649     53,059  
Scientific Games Corp./DE, Class A(a)     9,478     546,881  
SeaWorld Entertainment Inc.(a)     5,072     302,190  
Shake Shack Inc., Class A(a)     8,818     582,605  
Six Flags Entertainment Corp.(a)     7,528     297,281  
Texas Roadhouse Inc.     10,624     907,183  
Wendy’s Co. (The)     22,929     528,055  
Wingstop Inc.     6,755     1,035,204  
Wyndham Hotels & Resorts Inc.     21,092     1,770,673  
Xponential Fitness Inc., Class A(a)     2,300     40,158  
            16,659,295  
Household Durables — 1.4%              
Cavco Industries Inc.(a)     1,933     520,827  
Cricut Inc., Class A(a)(b)     8,184     161,879  
Dream Finders Homes Inc., Class A(a)(b)     1,476     27,513  
Helen of Troy Ltd.(a)(b)     3,069     642,434  
Installed Building Products Inc.     5,316     588,960  
iRobot Corp.(a)(b)     3,481     228,075  
Leggett & Platt Inc.     11,956     476,447  
LGI Homes Inc.(a)     3,009     374,651  
Lovesac Co. (The)(a)(b)     3,007     161,927  
Purple Innovation Inc., Class A(a)(b)     12,937     107,636  
Skyline Champion Corp.(a)     11,945     804,376  
Snap One Holdings Corp.(a)     3,057     57,502  
Sonos Inc.(a)     28,396     716,147  
Traeger Inc.(a)(b)     2,721     27,727  
Vizio Holding Corp., Class A(a)(b)     8,215     118,132  
Vuzix Corp.(a)(b)     13,084     85,438  
Weber Inc., Class A(b)     1,692     18,341  
            5,118,012  
Household Products — 0.4%              
Energizer Holdings Inc.     7,108     267,332  
Spectrum Brands Holdings Inc.     4,356     389,339  
WD-40 Co.     3,108     690,784  
            1,347,455  
Security   Shares   Value  
Independent Power and Renewable Electricity Producers — 0.4%        
Clearway Energy Inc., Class A     4,818   $ 148,635  
Clearway Energy Inc., Class C     11,441     385,333  
Ormat Technologies Inc.     6,198     422,456  
Sunnova Energy International Inc.(a)(b)     21,012     413,096  
            1,369,520  
Insurance — 2.1%              
BRP Group Inc., Class A(a)     12,102     369,353  
GoHealth Inc., Class A(a)(b)     7,901     21,807  
Goosehead Insurance Inc., Class A     4,472     440,850  
HCI Group Inc.     1,250     84,837  
Kemper Corp.     6,018     360,960  
Kinsale Capital Group Inc.     4,866     974,757  
Lemonade Inc.(a)(b)     8,630     275,556  
National Western Life Group Inc., Class A     180     38,497  
Oscar Health Inc., Class A(a)(b)     5,362     35,925  
Primerica Inc.     4,676     721,694  
ProAssurance Corp.     1,417     33,951  
RenaissanceRe Holdings Ltd.     10,415     1,636,926  
RLI Corp.     9,032     946,373  
Ryan Specialty Group Holdings Inc., Class A(a)     5,782     216,305  
Selective Insurance Group Inc.     5,489     433,082  
Selectquote Inc.(a)(b)     10,383     76,730  
State Auto Financial Corp.     2,475     127,957  
Stewart Information Services Corp.     2,579     184,218  
Trupanion Inc.(a)(b)     7,745     737,711  
White Mountains Insurance Group Ltd.     226     235,257  
            7,952,746  
Interactive Media & Services — 0.9%  
Angi Inc.(a)(b)     17,185     147,447  
Bumble Inc., Class A(a)(b)     16,320     481,603  
Cargurus Inc.(a)(b)     13,944     444,814  
Eventbrite Inc., Class A(a)(b)     6,501     93,159  
EverQuote Inc., Class A(a)     2,305     37,940  
fuboTV Inc.(a)(b)     32,630     350,446  
MediaAlpha Inc., Class A(a)(b)     4,875     72,394  
Outbrain Inc.(a)(b)     994     12,544  
QuinStreet Inc.(a)     6,470     104,102  
TripAdvisor Inc.(a)(b)     11,100     301,365  
TrueCar Inc.(a)     11,499     39,557  
Vimeo Inc.(a)(b)     35,156     515,036  
Yelp Inc.(a)     9,176     316,939  
Ziff Davis Inc.(a)     4,721     495,988  
ZipRecruiter Inc.(a)     2,618     56,785  
            3,470,119  
Internet & Direct Marketing Retail — 0.8%    
1-800-Flowers.com Inc., Class A(a)(b)     4,105     69,908  
1847 Goedeker Inc.(a)(b)     12,064     27,265  
1stdibs.com Inc.(a)     1,345     13,854  
CarParts.com Inc.(a)(b)     7,189     66,139  
Duluth Holdings Inc., Class B(a)     1,841     27,762  
Lands’ End Inc.(a)(b)     1,559     28,576  
Liquidity Services Inc.(a)     6,008     114,332  
Overstock.com Inc.(a)(b)     9,716     465,785  
PetMed Express Inc.     1,842     47,579  
Porch Group Inc.(a)     17,042     179,793  
Poshmark Inc., Class A(a)     8,291     131,081  
Quotient Technology Inc.(a)     10,832     77,016  
RealReal Inc. (The)(a)     18,468     174,523  
Revolve Group Inc.(a)     8,923     440,082  

 

7

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
Internet & Direct Marketing Retail (continued)    
Shutterstock Inc.     5,287   $ 512,680  
Stitch Fix Inc., Class A(a)(b)     18,760     308,227  
ThredUp Inc., Class A(a)     11,798     109,367  
Xometry Inc., Class A(a)(b)     1,603     82,715  
            2,876,684  
IT Services — 3.3%              
BigCommerce Holdings Inc., Series 1(a)     13,420     438,700  
Brightcove Inc.(a)     9,402     88,661  
Cantaloupe Inc.(a)(b)     13,371     112,316  
Euronet Worldwide Inc.(a)(b)     11,962     1,601,592  
EVERTEC Inc.     9,455     412,616  
Evo Payments Inc., Class A(a)     3,777     91,101  
ExlService Holdings Inc.(a)     5,321     641,287  
Fastly Inc., Class A(a)(b)     24,231     694,461  
Flywire Corp.(a)     2,445     68,925  
GreenBox POS(a)(b)     4,162     16,024  
Grid Dynamics Holdings Inc.(a)     10,339     275,534  
Hackett Group Inc. (The)     3,388     64,846  
I3 Verticals Inc., Class A(a)     2,842     65,764  
Information Services Group Inc.     8,061     52,074  
International Money Express Inc.(a)     7,632     122,188  
LiveRamp Holdings Inc.(a)     15,368     686,181  
Marqeta Inc., Class A(a)(b)     52,687     621,707  
Maximus Inc.     6,566     507,683  
Paya Holdings Inc., Class A(a)     18,850     123,468  
Paymentus Holdings Inc., Class A(a)(b)     2,968     77,999  
Payoneer Global Inc.(a)     44,085     230,124  
Perficient Inc.(a)     7,442     780,070  
Rackspace Technology Inc.(a)(b)     6,064     75,861  
Repay Holdings Corp.(a)(b)     16,815     300,820  
Shift4 Payments Inc., Class A(a)(b)     10,651     561,521  
SolarWinds Corp.     4,672     63,539  
Squarespace Inc., Class A(a)     6,315     209,279  
Switch Inc., Class A.     29,837     764,722  
TaskUS Inc., Class A(a)     6,149     196,768  
Toast Inc.(a)(b)     16,641     380,746  
TTEC Holdings Inc.     4,176     334,456  
Tucows Inc., Class A(a)(b)     2,134     168,586  
Verra Mobility Corp.(a)(b)     29,020     459,677  
WEX Inc.(a)     6,319     1,017,233  
            12,306,529  
Leisure Products — 0.5%              
Acushnet Holdings Corp.     3,976     185,679  
American Outdoor Brands Inc.(a)     1,463     24,257  
AMMO Inc.(a)(b)     19,697     91,394  
Callaway Golf Co.(a)     26,558     633,674  
Clarus Corp.     5,922     133,423  
Genius Brands International Inc.(a)(b)     65,482     57,604  
Hayward Holdings Inc.(a)     9,369     184,476  
Johnson Outdoors Inc., Class A     604     54,493  
Latham Group Inc.(a)(b)     7,306     121,864  
Malibu Boats Inc., Class A(a)     1,631     107,091  
Solo Brands Inc., Class A(a)(b)     2,881     32,152  
Vinco Ventures Inc.(a)(b)     24,542     80,743  
            1,706,850  
Life Sciences Tools & Services — 1.4%    
Absci Corp.(a)(b)     2,838     19,100  
Adaptive Biotechnologies Corp.(a)     24,484     427,001  
Akoya Biosciences Inc.(a)     1,466     16,654  
Security   Shares   Value  
Life Sciences Tools & Services (continued)    
Alpha Teknova Inc.(a)(b)     1,368   $ 21,587  
Berkeley Lights Inc.(a)     9,321     90,507  
BioNano Genomics Inc.(a)(b)     65,250     144,855  
ChromaDex Corp.(a)(b)     12,280     34,507  
Codexis Inc.(a)     13,344     273,552  
Cytek Biosciences Inc.(a)     3,299     48,033  
Fluidigm Corp.(a)     5,486     17,939  
Inotiv Inc.(a)(b)     3,281     104,959  
Maravai LifeSciences Holdings Inc., Class A(a)(b)     10,305     298,020  
Medpace Holdings Inc.(a)     6,490     1,151,715  
NanoString Technologies Inc.(a)(b)     10,311     357,998  
NeoGenomics Inc.(a)(b)     27,758     625,665  
Pacific Biosciences of California Inc.(a)(b)     49,771     556,440  
Personalis Inc.(a)     5,040     57,406  
Quanterix Corp.(a)     7,613     231,740  
Rapid Micro Biosystems Inc., Cass A(a)     1,832     13,062  
Seer Inc., Class A(a)(b)     7,957     125,164  
Sotera Health Co.(a)(b)     22,412     482,082  
            5,097,986  
Machinery — 4.2%              
Agrify Corp.(a)     3,847     23,813  
Alamo Group Inc.     1,224     172,400  
Albany International Corp., Class A     4,088     342,206  
Altra Industrial Motion Corp.     5,877     283,742  
Astec Industries Inc.     2,699     170,820  
Blue Bird Corp.(a)     1,532     23,761  
Chart Industries Inc.(a)     8,038     979,591  
Colfax Corp.(a)     20,130     827,746  
Columbus McKinnon Corp./NY     3,509     151,869  
Crane Co.     6,516     674,471  
Desktop Metal Inc., Class A(a)     21,289     87,072  
Energy Recovery Inc.(a)(b)     8,627     168,917  
Enerpac Tool Group Corp.     6,519     116,364  
EnPro Industries Inc.     2,177     228,629  
ESCO Technologies Inc.     5,884     469,425  
Evoqua Water Technologies Corp.(a)     27,213     1,102,126  
Federal Signal Corp.     7,384     288,124  
Flowserve Corp.     12,064     393,528  
Franklin Electric Co. Inc.     8,825     766,010  
Gorman-Rupp Co. (The)     2,993     120,049  
Helios Technologies Inc.     7,309     560,089  
Hydrofarm Holdings Group Inc.(a)     8,109     159,017  
Ideanomics Inc.(a)(b)     99,141     106,081  
John Bean Technologies Corp.     7,190     970,650  
Kadant Inc.     2,616     546,692  
Lindsay Corp.     2,473     312,216  
Meritor Inc.(a)     6,267     144,454  
Mueller Industries Inc.     6,316     326,285  
Mueller Water Products Inc., Class A     19,305     248,069  
Proto Labs Inc.(a)     6,249     313,575  
RBC Bearings Inc.(a)(b)     4,043     729,640  
Shyft Group Inc. (The)(b)     7,289     305,701  
SPX Corp.(a)     5,976     311,828  
SPX FLOW Inc.     9,469     816,228  
Standex International Corp.     1,451     144,157  
Tennant Co.     1,559     120,308  
Terex Corp.     10,443     435,682  
Titan International Inc.(a)     5,047     49,208  
Trinity Industries Inc.     12,285     352,948  
Wabash National Corp.     3,632     71,260  

  

8

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
Machinery (continued)  
Watts Water Technologies Inc., Class A     6,241   $ 956,184  
Welbilt Inc.(a)     15,716     373,255  
            15,744,190  
Marine — 0.2%              
Genco Shipping & Trading Ltd.     3,047     47,411  
Kirby Corp.(a)     4,187     272,909  
Matson Inc.     4,026     393,179  
            713,499  
Media — 0.5%              
Audacy Inc(a)     10,789     26,109  
Boston Omaha Corp., Class A(a)     3,914     103,291  
Cardlytics Inc.(a)(b)     7,506     503,653  
Entravision Communications Corp., Class A.     6,813     41,287  
EW Scripps Co. (The), Class A(a)     6,234     127,797  
Gannett Co. Inc.(a)     14,478     70,363  
Magnite Inc.(a)     25,892     351,354  
PubMatic Inc., Class A(a)     6,231     152,971  
TechTarget Inc.(a)     5,867     486,609  
            1,863,434  
Metals & Mining — 0.7%              
Century Aluminum Co.(a)(b)     4,391     67,358  
Compass Minerals International Inc.     5,257     280,724  
Gatos Silver Inc.(a)(b)     10,454     32,512  
Haynes International Inc.     1,775     66,775  
Hecla Mining Co.     51,660     256,234  
Materion Corp.     3,164     262,137  
McEwen Mining Inc.(a)(b)     39,345     33,538  
MP Materials Corp.(a)     16,845     672,789  
Piedmont Lithium Inc.(a)(b)     2,114     102,275  
Royal Gold Inc.     9,301     944,517  
            2,718,859  
Mortgage Real Estate Investment — 0.2%  
Angel Oak Mortgage Inc.     1,535     26,233  
Broadmark Realty Capital Inc.     19,868     186,362  
Ellington Financial Inc.     5,084     90,343  
Hannon Armstrong Sustainable Infrastructure Capital Inc.     11,365     471,420  
            774,358  
Multiline Retail — 0.1%              
Ollie’s Bargain Outlet Holdings Inc.(a)(b)     8,014     384,191  
               
Oil, Gas & Consumable Fuels — 1.1%  
Aemetis Inc.(a)(b)     2,937     26,932  
Antero Resources Corp.(a)     26,505     517,643  
Brigham Minerals Inc., Class A     5,478     118,544  
Centrus Energy Corp., Class A(a)     1,582     68,738  
Clean Energy Fuels Corp.(a)     38,697     234,891  
Crescent Energy Inc.(a)(b)     2,989     39,664  
Denbury Inc.(a)     11,370     854,342  
EQT Corp.(a)     23,822     506,217  
Gevo Inc.(a)(b)     45,572     155,856  
Green Plains Inc.(a)(b)     1,055     32,220  
Gulfport Energy Corp.(a)(b)     1,251     81,878  
Magnolia Oil & Gas Corp., Class A.     17,642     381,596  
New Fortress Energy Inc.(b)     9,312     204,491  
NextDecade Corp.(a)(b)     3,174     7,015  
SM Energy Co.     15,713     515,544  
Talos Energy Inc.(a)     4,090     43,518  
Tellurian Inc.(a)(b)     89,238     223,987  

 

Security   Shares   Value  
Oil, Gas & Consumable Fuels (continued)    
Uranium Energy Corp.(a)(b)     59,081   $ 154,201  
            4,167,277  
Paper & Forest Products — 0.0%              
Glatfelter Corp.     5,469     94,942  
               
Personal Products — 0.4%              
BellRing Brands Inc., Class A(a)(b)     4,788     116,636  
elf Beauty Inc.(a)     10,882     321,672  
Honest Co. Inc. (The)(a)     5,769     37,441  
Inter Parfums Inc.     4,020     397,859  
Medifast Inc.     1,752     348,140  
Thorne HealthTech Inc.(a)(b)     1,561     8,398  
USANA Health Sciences Inc.(a)     1,379     131,805  
Veru Inc.(a)(b)     13,151     68,385  
            1,430,336  
Pharmaceuticals — 1.6%              
9 Meters Biopharma Inc.(a)     56,737     43,302  
Aclaris Therapeutics Inc.(a)     10,503     114,693  
Aerie Pharmaceuticals Inc.(a)     6,194     45,588  
Amphastar Pharmaceuticals Inc.(a)     5,448     125,794  
Ampio Pharmaceuticals Inc.(a)     41,438     21,448  
Antares Pharma Inc.(a)     38,600     130,082  
Arvinas Inc.(a)     5,983     427,725  
Axsome Therapeutics Inc.(a)(b)     6,647     182,394  
BioDelivery Sciences International Inc.(a)     14,538     53,209  
Cassava Sciences Inc.(a)(b)     8,484     375,417  
Clearside Biomedical Inc.(a)     11,268     21,973  
Corcept Therapeutics Inc.(a)(b)     14,245     267,379  
DICE Therapeutics Inc.(a)     1,717     29,241  
Evolus Inc.(a)     7,876     58,440  
Harmony Biosciences Holdings Inc.(a)(b)     5,140     184,320  
Intra-Cellular Therapies Inc.(a)     18,887     896,944  
KemPharm Inc.(a)(b)     6,715     48,415  
Marinus Pharmaceuticals Inc.(a)(b)     3,720     37,944  
Nektar Therapeutics(a)(b)     41,635     462,981  
NGM Biopharmaceuticals Inc.(a)     3,599     56,900  
Ocular Therapeutix Inc.(a)(b)     16,847     95,354  
Omeros Corp.(a)(b)     8,680     52,080  
Oramed Pharmaceuticals Inc.(a)     8,584     76,913  
Pacira BioSciences Inc.(a)     10,053     631,027  
Pliant Therapeutics Inc.(a)     2,267     26,592  
PLx Pharma Inc.(a)     3,336     22,018  
Provention Bio Inc.(a)(b)     5,564     29,823  
Rani Therapeutics Holdings Inc.(a)(b)     1,541     31,945  
Reata Pharmaceuticals Inc., Class A(a)     6,181     173,810  
Relmada Therapeutics Inc.(a)     2,852     52,448  
Revance Therapeutics Inc.(a)     14,883     198,390  
Supernus Pharmaceuticals Inc.(a)(b)     4,038     124,572  
TherapeuticsMD Inc.(a)     87,665     26,606  
Theravance Biopharma Inc.(a)     11,786     107,370  
Tilray Inc., Class 2 (a)(b)     100,688     600,100  
Zogenix Inc.(a)(b)     11,404     296,618  
            6,129,855  
Professional Services — 2.0%              
ASGN Inc.(a)     6,319     725,864  
Barrett Business Services Inc.     554     35,456  
CBIZ Inc.(a)(b)     6,779     261,873  
CRA International Inc.     1,190     101,221  
Exponent Inc.     11,799     1,120,669  

 

9

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
Professional Services (continued)    
First Advantage Corp.(a)     9,272   $ 156,882  
Forrester Research Inc.(a)     2,503     137,715  
Franklin Covey Co.(a)     2,830     132,472  
FTI Consulting Inc.(a)(b)     5,371     783,146  
Heidrick & Struggles International Inc.     1,809     79,180  
HireRight Holdings Corp.(a)     4,960     67,456  
Huron Consulting Group Inc.(a)     2,277     100,461  
ICF International Inc.     2,131     201,145  
Insperity Inc.     8,079     868,735  
KBR Inc.     10,280     446,152  
Kforce Inc.     2,893     198,662  
Korn Ferry.     7,027     466,452  
Resources Connection Inc.     2,236     38,974  
Sterling Check Corp.(a)(b)     3,220     64,432  
TriNet Group Inc.(a)     6,311     537,697  
TrueBlue Inc.(a)     2,684     71,394  
Upwork Inc.(a)     27,198     739,786  
Willdan Group Inc.(a)     1,686     53,042  
            7,388,866  
Real Estate Management & Development — 0.6%    
eXp World Holdings Inc.     14,991     406,856  
Howard Hughes Corp. (The)(a)     4,628     445,723  
Marcus & Millichap Inc.(a)     2,675     125,217  
Redfin Corp.(a)(b)     23,888     706,368  
St Joe Co. (The)     7,463     362,030  
Tejon Ranch Co.(a)     2,264     39,416  
            2,085,610  
Road & Rail — 0.3%              
ArcBest Corp.     3,710     328,112  
Landstar System Inc.     4,910     785,600  
            1,113,712  
Semiconductors & Semiconductor Equipment — 4.3%    
ACM Research Inc., Class A(a)(b)     2,784     221,745  
Aehr Test Systems(a)(b)     5,185     66,109  
Allegro MicroSystems Inc.(a)     12,518     355,261  
Alpha & Omega Semiconductor Ltd.(a)     2,552     114,916  
Ambarella Inc.(a)     8,294     1,162,404  
Amkor Technology Inc.     9,964     219,407  
Atomera Inc.(a)(b)     4,991     70,523  
Axcelis Technologies Inc.(a)     7,537     471,891  
AXT Inc.(a)     5,443     40,768  
CEVA Inc.(a)     5,241     197,428  
Cirrus Logic Inc.(a)     7,813     698,795  
CMC Materials Inc.     2,282     412,768  
Cohu Inc.(a)     5,953     196,330  
CyberOptics Corp.(a)     1,709     64,190  
Diodes Inc.(a)     10,186     945,159  
FormFactor Inc.(a)     17,705     756,712  
Ichor Holdings Ltd.(a)     3,209     136,126  
Impinj Inc.(a)(b)     4,249     337,328  
Kopin Corp.(a)     17,287     50,824  
Kulicke & Soffa Industries Inc.     8,191     447,966  
MACOM Technology Solutions Holdings Inc., Class H(a)     10,910     667,801  
Magnachip Semiconductor Corp.(a)     5,418     96,386  
MaxLinear Inc.(a)     15,985     959,420  
NeoPhotonics Corp.(a)     4,705     72,269  
Onto Innovation Inc.(a)     7,363     674,009  
PDF Solutions Inc.(a)     6,816     202,640  
Power Integrations Inc.     13,655     1,102,095  
Security   Shares   Value  
Semiconductors & Semiconductor Equipment (continued)    
Rambus Inc.(a)     10,753   $ 271,513  
Semtech Corp.(a)     14,577     1,036,425  
Silicon Laboratories Inc.(a)     9,097     1,502,733  
SiTime Corp.(a)(b)     3,381     788,077  
SkyWater Technology Inc.(a)(b)     1,588     15,928  
SMART Global Holdings Inc.(a)(b)     3,130     179,537  
SunPower Corp.(a)(b)     7,356     123,434  
Synaptics Inc.(a)(b)     4,842     1,018,515  
Ultra Clean Holdings Inc.(a)     4,052     204,302  
Veeco Instruments Inc.(a)(b)     5,112     140,529  
            16,022,263  
Software — 10.5%              
8x8 Inc.(a)     25,733     395,002  
A10 Networks Inc.     13,592     201,162  
ACI Worldwide Inc.(a)     18,513     636,292  
Agilysys Inc.(a)(b)     4,403     167,578  
Alarm.com Holdings Inc.(a)(b)     10,439     778,436  
Altair Engineering Inc., Class A(a)(b)     11,509     724,146  
Alteryx Inc., Class A(a)(b)     13,524     771,815  
American Software Inc./GA, Class A     4,347     99,938  
Amplitude Inc.(a)(b)     5,103     200,599  
Appfolio Inc., Class A(a)(b)     4,326     498,615  
Appian Corp.(a)(b)     8,957     504,906  
Arteris Inc.(a)     607     8,978  
AvidXchange Holdings Inc.(a)     5,718     59,238  
Blackbaud Inc.(a)     4,215     287,210  
Blackline Inc.(a)(b)     12,080     1,109,790  
Bottomline Technologies DE Inc.(a)     8,752     493,525  
Box Inc., Class A(a)     34,296     896,154  
BTRS Holdings Inc.(a)     8,112     51,917  
C3.ai Inc., Class A(a)(b)     15,890     418,543  
Cerence Inc.(a)(b)     8,588     545,252  
ChannelAdvisor Corp.(a)     4,814     101,768  
Cleanspark Inc.(a)(b)     7,902     53,101  
Clear Secure Inc., Class A(a)(b)     3,024     74,663  
Clearwater Analytics Holdings Inc.(a)     7,435     126,767  
CommVault Systems Inc.(a)     5,292     356,998  
Confluent Inc., Class A(a)(b)     13,869     906,894  
CS Disco Inc.(a)(b)     2,857     98,052  
Datto Holding Corp.(a)     3,772     93,960  
Digimarc Corp.(a)(b)     2,933     92,976  
Dolby Laboratories Inc., Class A     14,786     1,298,950  
Domo Inc., Class B(a)     6,538     307,024  
DoubleVerify Holdings Inc.(a)     5,000     138,300  
Duck Creek Technologies Inc.(a)(b)     17,120     437,416  
Enfusion Inc., Class A(a)     4,181     57,740  
Envestnet Inc.(a)     12,892     953,234  
Everbridge Inc.(a)     8,665     442,955  
ForgeRock Inc.(a)(b)     2,846     40,527  
Freshworks Inc.(a)(b)     7,770     168,997  
Informatica Inc.(a)(b)     6,706     187,231  
Intapp Inc.(a)     2,462     49,535  
InterDigital Inc.     6,933     478,585  
Jamf Holding Corp.(a)(b)     12,460     411,928  
JFrog Ltd.(a)     9,786     261,482  
Kaleyra Inc.(a)(b)     2,031     18,056  
Kaltura Inc.(a)     3,393     12,181  
KnowBe4 Inc., Class A(a)(b)     9,639     230,565  
LivePerson Inc.(a)     14,842     443,331  
Mandiant Inc.(a)     54,172     817,455  

 

10

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
Software (continued)    
Marathon Digital Holdings Inc.(a)(b)     22,486   $ 529,320  
McAfee Corp., Class A     6,524     167,341  
MeridianLink Inc.(a)(b)     3,058     59,295  
MicroStrategy Inc., Class A(a)     1,896     697,747  
Mimecast Ltd.(a)     13,938     1,110,998  
Mitek Systems Inc.(a)     9,942     162,751  
Model N Inc.(a)     7,367     203,771  
Momentive Global Inc.(a)     29,268     501,361  
N-able Inc.(a)(b)     15,323     171,005  
Ncino Inc.     12,795     586,395  
New Relic Inc.(a)     13,327     1,401,201  
Nutanix Inc., Class A(a)     28,672     783,892  
Olo Inc., Class A(a)     12,871     225,886  
ON24 Inc.(a)     2,079     34,220  
OneSpan Inc.(a)     7,859     126,216  
PagerDuty Inc.(a)     17,081     564,015  
Paycor HCM Inc.(a)     3,318     86,069  
Phunware Inc.(a)(b)     8,487     18,926  
Ping Identity Holding Corp.(a)     13,599     269,124  
PROS Holdings Inc.(a)     9,065     251,191  
Q2 Holdings Inc.(a)(b)     12,867     839,572  
Qualtrics International Inc., Class A(a)     21,335     624,475  
Qualys Inc.(a)     7,540     966,176  
Rapid7 Inc.(a)     12,782     1,231,290  
Rekor Systems Inc.(a)(b)     7,849     36,498  
Rimini Street Inc.(a)     4,823     24,838  
Riot Blockchain Inc.(a)(b)     18,619     296,787  
SailPoint Technologies Holdings Inc.(a)(b)     21,059     814,773  
Smith Micro Software Inc.(a)     10,200     42,636  
Sprinklr Inc.(a)     3,746     42,142  
Sprout Social Inc., Class A(a)     10,306     709,568  
SPS Commerce Inc.(a)     8,125     1,006,281  
Stronghold Digital Mining Inc.(a)(b)     1,577     14,083  
Sumo Logic Inc.(a)     19,936     237,438  
Telos Corp.(a)(b)     12,050     140,864  
Tenable Holdings Inc.(a)     20,688     1,063,363  
Teradata Corp.(a)     24,585     991,759  
Upland Software Inc.(a)     5,992     117,443  
Varonis Systems Inc.(a)     24,306     905,642  
Verint Systems Inc.(a)(b)     6,250     320,812  
Veritone Inc.(a)     6,800     107,236  
Vertex Inc., Class A(a)     2,690     39,032  
Vonage Holdings Corp.(a)     57,145     1,190,902  
Workiva Inc.(a)     10,196     1,205,983  
Xperi Holding Corp.     9,836     165,933  
Zeta Global Holdings Corp.(a)(b)     5,028     46,559  
Zuora Inc., Class A(a)     26,167     435,157  
            39,077,733  
Specialty Retail — 1.4%              
Asbury Automotive Group Inc.(a)     2,308     371,519  
Barnes & Noble Education Inc.(a)     3,795     22,846  
Boot Barn Holdings Inc.(a)     6,690     615,279  
Citi Trends Inc.(a)     1,256     61,192  
Dick’s Sporting Goods Inc.     7,856     906,582  
EVgo Inc.(a)(b)     15,523     128,065  
GrowGeneration Corp.(a)(b)     12,052     101,719  
Guess? Inc.     2,766     63,673  
Hibbett Inc.     1,602     98,763  
Leslie’s Inc.(a)(b)     30,722     639,939  
LL Flooring Holdings Inc.(a)     3,117     45,010  
Security   Shares   Value  
Specialty Retail (continued)    
MarineMax Inc.(a)     2,136   $ 100,520  
Monro Inc.     4,520     224,780  
National Vision Holdings Inc.(a)(b)     18,724     765,437  
Petco Health & Wellness Co. Inc.(a)(b)     18,367     344,381  
Signet Jewelers Ltd.     4,883     420,573  
Sleep Number Corp.(a)(b)     2,456     175,604  
Vroom Inc.(a)(b)     15,029     120,533  
Warby Parker Inc.(a)(b)     2,309     85,826  
            5,292,241  
Technology Hardware, Storage & Peripherals — 0.6%    
3D Systems Corp.(a)(b)     28,841     516,254  
Avid Technology Inc.(a)     3,904     122,429  
Corsair Gaming Inc.(a)(b)     2,652     51,820  
Eastman Kodak Co.(a)     6,523     25,635  
Pure Storage Inc., Class A(a)     60,646     1,606,513  
Quantum Corp.(a)     4,912     24,757  
Turtle Beach Corp.(a)(b)     2,078     42,225  
            2,389,633  
Textiles, Apparel & Luxury Goods — 1.1%    
Carter’s Inc.     5,124     477,147  
Columbia Sportswear Co.     4,688     435,374  
Levi Strauss & Co., Class A     21,761     477,219  
Ralph Lauren Corp.     6,751     748,281  
Rocky Brands Inc.     601     25,711  
Skechers U.S.A. Inc., Class A(a)     30,529     1,282,218  
Steven Madden Ltd.     8,217     338,047  
Wolverine World Wide Inc.     9,790     259,337  
            4,043,334  
Thrifts & Mortgage Finance — 0.4%    
Axos Financial Inc.(a)     6,869     353,753  
Columbia Financial Inc.(a)     8,633     182,761  
Kearny Financial Corp./MD.     7,504     97,102  
Merchants Bancorp./IN.     3,722     108,496  
Mr Cooper Group Inc.(a)     8,444     339,027  
NMI Holdings Inc., Class A(a)     8,960     221,670  
TFS Financial Corp.     4,191     72,840  
WSFS Financial Corp.     4,014     210,253  
            1,585,902  
Tobacco — 0.0%              
22nd Century Group Inc.(a)(b)     37,199     80,722  
Turning Point Brands Inc.     2,191     77,189  
            157,911  
Trading Companies & Distributors — 0.9%    
Applied Industrial Technologies Inc.     3,335     326,763  
BlueLinx Holdings Inc.(a)(b)     1,232     88,261  
Core & Main Inc., Class A(a)     12,757     306,806  
Custom Truck One Source Inc.(a)(b)     3,684     30,282  
DXP Enterprises Inc./TX(a)     2,067     59,013  
Global Industrial Co.     2,201     76,947  
H&E Equipment Services Inc.     4,100     170,683  
Herc Holdings Inc.     5,621     901,889  
Titan Machinery Inc.(a)     1,909     58,797  
Transcat Inc.(a)     1,584     150,337  
Univar Solutions Inc.(a)     16,467     436,376  
WESCO International Inc.(a)     5,238     638,460  
            3,244,614  
Water Utilities — 0.3%              
American States Water Co.     4,315     397,973  

 

11

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022 (Percentages shown are based on Net Assets)

 

Security   Shares   Value  
Water Utilities (continued)    
California Water Service Group     5,760   $ 357,638  
Middlesex Water Co.     2,193     222,019  
SJW Group.     2,724     187,575  
            1,165,205  
Wireless Telecommunication Services — 0.1%    
Gogo Inc.(a)(b)     8,064     100,397  
Shenandoah Telecommunications Co.     6,420     146,183  
            246,580  
Total Common Stocks — 99.9%              
(Cost: $428,247,163)         372,256,626  
               
Short-Term Investments              
               
Money Market Funds — 14.8%              
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.08%(c)(d)(e)     54,889,521     54,905,988  
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d)     60,000     60,000  
            54,965,988  
Total Short-Term Investments — 14.8%              
(Cost: $54,952,319)         54,965,988  
               
Total Investments in Securities — 114.7%              
(Cost: $483,199,482)         427,222,614  
               
Other Assets, Less Liabilities — (14.7)%         (54,704,569)  
               
Net Assets — 100.0%         $ 372,518,045  
(a)Non-income producing security.

(b)All or a portion of this security is on loan.

(c)Affiliate of the Fund.

(d)Annualized 7-day yield as of period end.

(e)All or a portion of this security was purchased with the cash collateral from loaned securities.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   Value at
04/30/21		  Purchases
at Cost		  Proceeds
from Sales		  Net Realized
Gain (Loss)		  Change in
Unrealized
Appreciation
(Depreciation)		  Value at
01/31/22		  Shares
Held at
01/31/22		  Income  Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL Agency Shares  $78,109,325   $—   $(23,190,700(a)  $(10,615)  $(2,022)  $54,905,988    54,889,521   $262,926(b)  $— 
                                              
BlackRock Cash Funds: Treasury, SL Agency Shares   960,000    —    (900,000)(a)   —     —    60,000    60,000    31    — 
              $(10,615)  $(2,022)   $54,965,988       $262,957   $— 

 

 

(a)Represents net amount purchased (sold).

(b)All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

12

 

 

Schedule of Investments (unaudited) (continued) iShares® Morningstar Small-Cap Growth ETF
January 31, 2022

 

Derivative Financial Instruments Outstanding as of Period End

 

Futures Contracts

 

Description 

 Number of
Contracts

   Expiration
Date		   Notional
Amount
(000		)  Value/Unrealized
Appreciation
(Depreciation		)
Long Contracts                    
Russell 2000 E-Mini Index   2    03/18/22   $202   $(22,896)

  

Fair Value Measurements

 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

•Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

•Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

•Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

 

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

  

   Level 1   Level 2   Level 3   Total 
Investments                    
Assets                    
Common Stocks  $372,256,626   $—   $—   $372,256,626 
Money Market Funds   54,965,988    —    —    54,965,988 
   $427,222,614   $—   $—   $427,222,614 
Derivative financial instruments(a)                    
Liabilities                    
Futures Contracts.   (22,896)  $—   $—   $(22,896)

 

(a) Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Portfolio Abbreviations - Equity

 

NVS                   Non-Voting Shares

REIT                   Real Estate Investment Trust

 

13